FAANG Stock Prices

Here’s why stock market lost $2 trillion in Quarter 4 of 2018

Quarter 4 of 2018 was a rough ride for U.S. stocks, which despite regaining a portion of the month’s losses Wednesday ended as one of the worst months since the financial crisis. U.S. markets lost nearly \$2 trillion in October.The biggest technology stocks — most well-known as FANG — were among the hardest hit this month. Amazon ended the month down 20.2 percent, and Netflix ended down 19.3 percent. Investors fled both after earnings reports. Facebook and Alphabet finished October down 7.7 percent and 9.7 percent, respectively. Semiconductors were one of the hardest hit sectors in the stock market. The VanEck Vectors Semiconductor ETF fell 12.2 percent, its worst month since 2008. Shares of Nvidia, Advanced Micro Devices, Micron and Applied Materials are all down double-digits for October as shares sold off following the companies’ earnings reports this month. Those chip giants are also all in what some traders consider ‘bear market’ territory, down more than 20 percent from their recent highs.The dollar index, which measures the strength of the U.S. dollar against a basket of currencies, rose 2 percent in October.